CoinMotion
exchangeCoinMotion is Finland's oldest crypto exchange, FIN-FSA licensed under MiCA since 2025, with cold storage custody and no publicly reported security breaches.
Platform Information
Founded
Headquarters
Two-Factor Authentication
An extra login step that protects your account even if your password is stolen.
Custodial
The platform holds your crypto on your behalf — you don't control the private keys.
KYC Required
Know Your Customer — you must verify your identity before trading or withdrawing.
Proof of Reserves
The platform publicly proves it holds enough assets to cover all customer funds.
Insurance
Customer funds are covered by insurance in the event of a hack or platform failure.
Supported Chains
About CoinMotion
CoinMotion (Coinmotion Oy) is Finland's oldest cryptocurrency exchange, founded in Tampere in 2012. It operates as a custodial, fiat-to-crypto platform with EUR as the sole supported fiat currency, targeting retail users in Finland and Sweden seeking a regulated entry point to cryptocurrency markets. The exchange offers straightforward buy, sell, and storage functionality across approximately 18 digital assets, without derivatives, margin trading, leverage, or staking products. An OTC desk handles larger trades above EUR 5,000.
Security
- Customer crypto assets are held predominantly in cold storage with multi-signature wallet controls
- Two-factor authentication (2FA) is required on all accounts
- Full KYC and AML verification is required before trading can begin
- Euro customer deposits are held in segregated bank accounts, separate from CoinMotion's operational funds
- No crypto insurance fund or equivalent reserve is maintained for user assets
- No major security breaches or theft of customer assets have been publicly reported since the exchange launched in 2012
Regulation
- Authorised as a Crypto-Asset Service Provider (CASP) under MiCA by the Finnish Financial Supervisory Authority (FIN-FSA), with authorisation effective July 2, 2025 — the first such CASP authorisation granted in Finland
- MiCA CASP status provides EU-wide passporting rights; Sweden was the first country to receive passported services
- Previously registered with the Banco de España (Bank of Spain) for operations in Spain under pre-MiCA national rules
- KYC and AML obligations are maintained under both Finnish national law and the EU MiCA framework
Incident History
No major security breaches or theft of customer funds have been publicly reported in CoinMotion's operating history. The exchange has maintained a clean record across more than a decade of operations since its founding in 2012. No regulatory enforcement actions or fines have been publicly attributed to the platform.
Availability and Limitations
CoinMotion primarily serves customers in Finland and Sweden. MiCA EU passporting allows expansion to additional EU/EEA member states, though rollout to individual countries is ongoing. EUR is the sole fiat currency; USD and GBP deposits are not accepted. The initial spot trading fee is 2%, decreasing with higher monthly trading volumes. Staking, lending, and yield products are not offered.
Security & Score
Platform Safety Score
Based on incident history, security features, and track record
Security Features
Regulatory Information
Regulated In
Jurisdictions where this platform is officially licensed and subject to financial oversight.
Area Served
Countries or regions where this platform is available to users.
Notes
Registered with the Finnish Financial Supervisory Authority (FIN-FSA) as a CASP under MiCA; also registered with the Bank of Spain (registration number D741).
Incident History
No incidents recorded for this platform.
Frequently Asked Questions
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